She is responsible for assisting the Common Market Group in defining rules and rules governing trade between MERCOUSR members and third parties. It is also responsible for assisting other MERCOSUR bodies and forums in collecting statistics and information on the common market. Nevertheless, in January 2007, Uruguay signed a Trade and Investment Framework Agreement (TIFA) with the United States. Many observers saw it as a first step towards the signing of a free trade agreement. Joint Statement on the Opening of Negotiations for a Comprehensive Free Trade Agreement between Canada and the Mercosur Member States Its official languages are Spanish and Portuguese. MERCOUSR is the fifth largest economy in the world. The area of the territory is 14,869,775 kmĀ² and it has a total population of about 295,007,000. Since its inception, its main objective has been to encourage investment and trade between its member states and to integrate the local economy into the international market and international supply chains. Uruguay has a nominally progressive government that came to power because of its criticism of neoliberalism. However, part of the current government of frente Amplio has come out in favour of seeking economic agreements of the FTA type.

There is a persistent disagreement within the government over the possible signing of a free trade agreement with the United States. In 2017, Canada-Uruguay trade totaled $US 174 million. [1] Canada`s top exports to Uruguay include: fuels, gas and oil; Electricity and mechanical production; fertilizers; Pharmaceuticals and plastics and by-products. Uruguay`s top exports to Canada include: frozen meatless bones, fresh or dried citrus fruits and fresh berries. [1] In March 2018, Mercosur ministers (of which Uruguay is a member) agreed to open formal negotiations for a comprehensive free trade agreement between Canada and Mercosur. [1] Canadian multinationals such as BlackBerry, Scotiabank and Thomson Reuters are present in Uruguay. Canada is consistently referred to as a trading nation, with total trade accounting for more than two-thirds of its GDP (the second highest level in the G7 after Germany). [1] [2] Of this total, about 75% are treated with countries that are part of free trade agreements with Canada, particularly with the United States, on the North American Free Trade Agreement (NAFTA). [3] At the end of 2014, Canadian bilateral trade reached $1 trillion for the first time. [4] The other objectives of MERCOSUR are the cultural and social integration of the different communities that live in the different countries of the bloc. To achieve these goals, the MERCOSUR countries have expanded the freedom of movement of all their citizens, so that they can only travel with an identity card.

In addition, within the framework of the Integrated Protocol on Education, all Member States recognize primary and secondary education diplomas from other MERCOSUR countries, with the aim of enabling all citizens to complete their studies in each Member State. A Foreign Investment Promotion and Protection Agreement (FIPA) is an agreement to promote foreign investment. .

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